WOONSOCKET, R.I., Dec. 12, 2017 (GLOBE NEWSWIRE) — Summer Infant, Inc.(USA) (NASDAQ:SUMR), a global leader in infant and juvenile products, announced today that, effective immediately, Kory Pomon will assume the position of Vice President, International Sales, to drive growth across the Company’s key overseas markets. He will be responsible for all international sales and business development activity outside North America across Summer’s entire brand portfolio, including Summer Infant, SwaddleMe and Born Free. With extensive experience incentivizing sales teams, managing distribution channels, overseeing systems implementation, and partnering with major customers on business planning initiatives, Pomon has the requisite skills to expand the Company’s position in China, Europe, South America, and elsewhere.
“Kory brings a great track record of brand development and international sales and marketing success to support our global growth strategy,” said Mark Messner, CEO. “I’ve known Kory for years – from our time together at Graco – and am truly excited to have him join the Summer Infant team. His addition will bolster our overseas expansion initiatives in markets where we see large, untapped potential to increase the Company’s top line and improve operating results. This is another step to accelerate our growth profile going forward.”
Mr. Pomon brings 25-plus years of experience in roles of progressively increasing responsibility within the juvenile product industry. He spent over 20 years at Newell Brands (NYSE: NWL) and its subsidiaries and most recently worked as Vice President of Global Sales for Nuna International BV, where he oversaw the rapid growth of revenue across multiple markets.
About Summer Infant, Inc.
Based in Woonsocket, Rhode Island, the Company is a global leader of premium infant and juvenile products which are sold principally to large North American and international retailers. The Company currently sells proprietary products in a number of different categories including nursery, audio/video monitors, safety gates, durable bath products, bed rails, nursery products, strollers, booster and potty seats, swaddling blankets, bouncers, travel accessories, highchairs, swings, and infant feeding products. For more information about the Company, please visit www.summerinfant.com.
Certain statements in this release that are not historical fact may be deemed “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and the Company intends that such forward-looking statements be subject to the safe harbor created thereby. These statements are accompanied by words such as “anticipate,” “expect,” “project,” “will,” “believes,” “estimate” and similar expressions, and include statements regarding the Company’s expectations regarding fourth quarter 2017 shipments, orders and product rollouts, the impact of the TRU bankruptcy on its business with Babies R Us in the fourth quarter 2017and into 2018, anticipated future growth and operating performance, and the impact of its brand strategy for 2017 and beyond. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include the concentration of the Company’s business with retail customers; the ability of the Company to compete in its industry; the Company’s ability to continue to control costs and expenses, including legal expenses; the Company’s dependence on key personnel; the Company’s reliance on foreign suppliers; the Company’s ability to develop, market and launch new products; the Company’s ability to grow sales with existing and new customers and in new channels; the Company’s ability to meet required financial covenants under its loan agreements; and other risks as detailed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, and subsequent filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information contained in this release.